Jutai Phuk Co., an affiliate of Hong Kong's Incheon Jewelry Group, plans to invest $2.6 billion in a casino resort in the Incheon Free Economic Zone near Seoul, the capital of Korea. Although the licensing process has not yet begun, the Korean government has recently been open to accommodating more casinos in the country as long as it only serves foreign visitors.

The Incheon area is very close to the Chinese border, and tourism from the economic powerhouse and the middle class increased, increasing tourism from the economic powerhouse by more than 40% year-on-year . More than half of all Korean casinos are from China. Currently, only one of the 20 casinos in operation across the country, Gangwon Land Casino, which opened in 2000, is open to citizens. Most casinos in South Korea are located in luxury hotels, but recently there has been more movement to open integrated resorts.

In January, Bloomberry Resorts Corp (Solaire) expressed an interest in building an entertainment complex in the area when it purchased 30 acres on Muui Island. Landing International Development Ltd. It also recently announced plans to build a myth and history theme park and casino on Jeju Island. 20th Century Fox World Korea will open in Changwon City . Other interests in Korean casinos include Caesars Entertainment, Repo, Paradise, and Sega Sammy Holdings, which are planning resorts in the Incheon area. Further from the capital, we can see that the Jeollabuk-do government is trying to approve casinos in the Saemangeum area, about three hours away by plane from Seoul.

The main typhoon Incheon development is expected to include hotels, convention facilities, shopping centers, entertainment venues and casinos, and construction will begin this year and the first phase of the project will be carried out by 2019. The second phase of the project is expected to be completed – at the end of the year assuming permission, Zhu also expressed interest in developing casinos in Australia and Vietnam.

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